River introduces a new product offering 3.8% interest on USD cash deposits, paid in bitcoin, providing a secure way to accumulate BTC while keeping USD stability.
According to Bitcoin on-chain data sites, bitcoin mining hashrate's 7-day moving average crossed the 700 EH/s mark, reaching a new all-time high. The hashrate is currently over 13% more since the Bitcoin halving event in April.
Bitcoin bull Anthony Pompliano recently ignited a wave of curiosity in the crypto community with a seemingly cryptic tweet. Pompliano's tweet simply read "$35,770,000,000,000," a figure that immediately caught the attention of his followers and the broader crypto community.
On Tuesday, October 22, Billionaire investor Paul Tudor Jones, founder and chief investment officer of Tudor Investment Corporation, joined Andrew Ross Sorkin on CNBC's “Squawk Box” to discuss the pressing issues surrounding the upcoming U.S. presidential election, the state of the U.S. economy, and the looming threat of a debt crisis.
The U.S. government's debt and deficit issues aren't going anywhere no matter who wins the presidency next month, said Jones.
Bitcoin faces limited time to convince that it is "actually strong" as cooling BTC price action sticks around.
The broader digital currency ecosystem slipped, with Bitcoin (BTC) leading the losses and altcoins followed suit. However, the price reversals have pushed many digital currencies in search of a price floor that can fuel their imminent rebound.
Trusted US Bitcoin exchange River now offers a bitcoin yield on dollars through its Bitcoin Interest on Cash feature — a great addition to the platform for Bitcoin enthusiasts and normies alike.
U.S. Bitcoin exchange-traded funds have captured institutional demand after legacy firms initially expressed skepticism toward Wall Street's new crypto asset class.
Paul Tudor Jones, the billionaire hedge fund manager, said in a CNBC interview, “I am long gold, I am long Bitcoin”. This is indicating his bullish stance on the two assets.
BlackRock, the giant asset manager and the largest provider of spot Bitcoin Exchange Traded Fund (ETF) in the United States, has been making waves in the cryptocurrency space with its strategic Bitcoin (BTC) acquisitions. On October 21, 2024, BlackRock made another significant purchase of 4,869 BTC, worth $328 million, according to blockchain transaction tracker Lookonchain.
The Bitcoin price briefly crashed below $67,000 on October 21, although it quickly reclaimed this level as support before the daily close. This price decline is believed to be due to its correlation with the stock market, which also experienced a drop of its own.
Sminston With, a crypto analyst, has predicted that Bitcoin's (BTC) price could surpass $200,000. This forecast came on the same day that the Bitcoin price failed to hit the widely expected $70,000 mark.
The Bitcoin market continues to see a lot of noisy behavior, as we are getting a little close to the top of the range that we have been in since February. Ultimately, this is a market that continues to look sideways, but also “leaning to the upside overall.
Bitaxe founder Skot not only created the first ever open-source ASIC-based Bitcoin miner, but he's inspired over 4,000 others to contribute to open-source Bitcoin mining projects.
Bitcoin's recent surge towards $70,000 is supported by increased open interest and neutral funding rates, indicating strong market participation and potential regulatory shifts.
October saw a surge in the crypto market, with a 13% rise in market capitalization from $2 trillion to $2.35 trillion. Interestingly, retail investors are becoming more active, but instead of traditional spot trading, they are increasingly turning to derivatives.
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.
A trader who nailed the May 2021 Bitcoin (BTC) collapse is suddenly turning bullish on Dogecoin (DOGE). Pseudonymous analyst Dave the Wave tells 146,500 followers on the social media platform X that DOGE may be forming a bullish ascending triangle on the daily timeframe.
TL;DR Bitcoin has outperformed Ethereum this week, driven by a 14% increase following the Fed's rate cut. Institutional interest in BTC remains higher, with futures at record highs, while ETH faces slower adoption. Demand for ETH has declined, surpassed by altcoins and Layer 2 solutions that have shown better performance.
With growing interest in central bank digital currencies globally, India may move to ban private cryptocurrencies, positioning its digital rupee as the future of its financial ecosystem.
Bitcoin spot ETFs on Oct. 21 continued their strong momentum, registering a net inflow of $294 million, marking the seventh consecutive day of inflows. What Happened: Leading the charge, BlackRock's (NASDAQ:IBIT) ETF saw an impressive $329 million in inflows, while other major players showed mixed results.
As financial institutions continue to ramp up their tokenization efforts, many — including BlackRock — have been quick to assume that Ethereum will dominate this space. However, I think that Bitcoin, with its superior security model and emerging programmability, is actually poised to become the foundation of the next generation of capital markets.
Bitcoin (BTC) is showing promising signs of growth, with analysts speculating that it could surge to $71,000 in the near future. The leading cryptocurrency has been trading within a symmetrical triangle pattern, which often indicates a significant price movement is on the horizon.
Bitcoin (BTC) has often been criticized for its perceived high usage of power sources that fuel climate change, but emerging data suggests that the top cryptocurrency is a net negative emissions network.
As of Oct. 22, 2024, bitcoin (BTC) is priced at $67,058.95, fluctuating within a 24-hour range of $66,669 to $68,268. With a market cap of $1.32 trillion and a daily trading volume hitting $44.03 billion, the digital currency appears to be in a consolidation phase, according to technical indicators.
Currently, Bitcoin is positioned at a critical juncture. A strong support at $66,000 is important for any upward movement. Recent analysis on Crypto Banter's The Sniper Trading Show explains a crucial support level for Bitcoin. Analysts anticipate the formation of a pin bar candle, suggesting a push toward the $70,000 zone in the coming weeks.
In a recent interview with journalist Madison Reidy, Michael Saylor, CEO of MicroStrategy, stirred a massive controversy within the Bitcoin community with his remarks on custody and regulation.
Bitcoin (BTC) is gaining momentum as it approaches a crucial breakout moment, with market analysts predicting a potential surge toward $72,000. This comes on the back of promising technical indicators flipping bullish, suggesting that Bitcoin is on the verge of entering a new rally phase.
A somewhat mixed picture in crypto trading fits in with the expiry week as it's the last Friday of the month with futures and options expiring.
Crypto analyst CryptoCred presents a detailed trading strategy for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), focusing on key price levels and potential scenarios for the coming week. What Happened: In a recent “Monday Markets” podcast, CryptoCred analyzed Bitcoin's technical outlook after its strong weekly close.
The price of Bitcoin (BTC) faced a minor dip recently as it went below the $68,000 level. However, this has not stopped whales from continuing their buying spree.
Stacks adds Asymmetric Research as a key security contributor for its Bitcoin Layer 2 network.
The top asset manager, BlackRock, maintains leadership in the crypto ETF ecosystem. Its iShares Bitcoin Trust (IBIT) ETF has continued to enjoy massive inflows, signaling investors' preference.
"Just like Satoshi left a million Bitcoin to the universe, so I'm leaving whatever I've got to the civilization,” the MicroStrategy co-founder said.
BTC's price dip has not deterred institutions, as inflows continue to surge.
Bitcoin (BTC) is feeling the heat today after hitting a wall at the $70,000 mark on Monday. But guess what? Institutional investors are loving the dip! US spot ETFs saw a whopping $297 million in fresh inflows as they swooped in.
With self-custody and third-party custodians becoming hot topics within the crypto community, the founder of timechainindex.com, an X user known as Sani, recently posted an eye-opening image of onchain data. The snapshot revealed that Coinbase currently holds 11.72% of the total 19.77 million bitcoin (BTC) in circulation.
Bhutan, a small Buddhist monarchy in the Indian subcontinent, has made a surprising entry into the world of cryptocurrency, becoming one of the largest Bitcoin-holding countries. According to Arkham Intelligence, Bhutan's government holds approximately $780.49 million in Bitcoin, ranking it fourth globally, just behind the US, China, and the UK.
CNBC's MacKenzie Sigalos reports on the surge in net flows into the ten spot bitcoin ETFs and where the latest crypto PAC money is going with two weeks until the General Election.
All eyes are on Bitcoin this week after a Bernstein analyst said the world's largest cryptocurrency by market cap will surpass the $70,000 in the coming days.
Over the past 24 hours, the Bitcoin price has experienced a 2.05% dip after nearing the $70,000 mark. This decline raises concerns that yesterday's bullish breakout from a seven-month descending channel may have been a false signal.
A dormant Bitcoin wallet from the Satoshi era has awoken after over 13 years of inactivity. The wallet, holding 20 Bitcoin (BTC) since June 2011, has resurfaced, triggering a significant transaction that has captivated the crypto community.
A Bitcoin whale who began mining cryptocurrency just five days after Bitcoin's genesis block in 2009 has sold approximately $9.68 million worth of BTC, with the sale marking one of the most significant movements of early-era Bitcoin in recent months.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 22, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin's $70K target in focus, but here's why it could remain range-bound this week.